Area Quest rises after conducting off-exchange share buyback
Area Quest Inc. <8912> traded higher after announcing after market close on the 1st that it conducted an off-exchange share buyback. The move drew buying as investors welcomed the step toward improving capital efficiency. Through the Tokyo Stock Exchange's ToSTNeT-3 off-exchange trading facility on the morning of the 2nd, Area Quest acquired 746,000 shares - the maximum limit indicated in its announcement - representing 4.8% of total issued shares excluding treasury stock. Total acquisition cost came to 116.38 million yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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